BUS 1010 Final Exam

it details everything you need to know about the course, including how to earn an "A

What is the importance of the syllabus?

important info like calendar and graduation requirements

What is the importance and utility of undergrad announcements?

must be a C or better, hours transfer

What are the transfer credit requirements?

$103/credit hour (in state)
$104/credit hour (out state)

How is the College of Business Major and Course Fee applied if you are a Pre-Business student?

small group learning sessions linked to specific sections of a course

What is Peer Assisted Learning?

tutoring, advising, coaching, counseling, and strategy workshops

What are the services provided by the ASC?

identify strengths and weaknesses; get tops on how to improve

How does the Study Behavior Inventory help a student?

Preview, Attend, Review

What is the Study Cycle?

major/career choices, coaching, resume prep, job placement, professional development, mentoring, global engagement

What are the services provided by Student Enrichment?

employers want candidates who have experience

What are the benefits and importance of participating in activities beyond class?

the application of ethical behavior in a business context

What is the definition of business ethics?

a morally problematic situation; right vs right

What is an ethical dilemma?

Define the problem, identify feasible options, assess the effects, establish criteria, select

What are the steps you should take when facing an ethical dilemma?

Dilemma = right vs right
Decision = right vs wrong

What is the difference between an ethical dilemma and an ethical decision?

Is it illegal? Is it unfair? Will I feel badly about it? Will I be ashamed to tell family? Will I be embarrassed if written about?

What are the steps necessary to avoid an ethical lapse?

Bribes vs Gifts, Conflicts of Interest, Conflicts of Loyalty, Honesty/Integrity, Whistle-blowing

What are the basic categories of ethical situations?

the approach that an organization takes in balancing its responsibilities toward different stakeholders when making legal, economic, ethical, and social decisions

What is corporate social responsibility?

1) Giving, receiving, or using unauthorized aid
2) Plagiarism
3) attempts to copy, edit, or delete computer files that belong to someone else

Academic dishonesty is considered any breach in the principles outlined in the academic integrity statement. The catalog further identifies what three items or acts as academic dishonesty?

Everyone

Who has the responsibility to enforce the academic integrity policy?

contact the instructor

if a student believes there is evidence that another student committed an act of academic dishonesty, what should they do?

allows a student enrolled beginning Fall 2013 to eliminate from the GPA calculation up to three courses in which a D or F was earned

What is the Academic Forgiveness Policy?

D or F

What grades qualify to be forgiven?

If the course is required for your degree

Which academically forgiven courses must be repeated at Clemson?

helping society decide on the optimal allocation of our limited resources

What is the main importance of economics?

inflation and unemployment

What are two main problems that can be managed with economic policies?

overproduction of negative externalities, underproduction of goods with positive externalities, non provision of public goods

While free markets are considered a better solution than a planned economy (Communism), free markets can lead to some problems. What are three problems cited?

fundamental measure of the size of the economy

What does Gross Domestic Product measure?

monetary policy

What is the name of the policy central banks use to control short term interest rates?

a measure of how much a bunch of products have increased in price from last year

What is inflation?

a positive number that measures how much excess you will get

What is interest rate?

inquisitiveness, interpretation skills, understanding tools and methods, detail oriented, quantitative skills

What skills are required to succeed in business analytics?

a mind-set; imagining new ways to solve problems and create value

What is the core of entrepreneurship?

1) learn from other's failure
2) make sure you want it
3) solve problems
4) be passionate
5) get advice from those who've done it

What are the tips for aspiring entrepreneurs?

function that focuses on the recruitment of, management of, and providing direction for the people who work in an organization

What is Human Resource Management?

knowledge, tools, training, administrative services, coaching, legal and management advice, and talent management

What does Human Resource Management provide to help the rest of the organization be successful?

recommend processes, approaches, and business solutions that improve the ability of the organization's people to effectively contribute

What is the new expectation for Human Resource Management at the executive table?

how to create systems for finding and storing data and about computer databases, networks, computer security, and more

What do Management Information Systems students learn?

MIS: organization, efficiency/effectiveness, determine requirements
CS: software, reliability, delivering info

What are the key differences between MIS and Computer Science, especially in focus, objective and core skills?

concerned with planning, organizing, and supervising in the contexts of production, manufacturing or the provision of services

What is Operations Management?

supply chain management and logistics

What are the two key terms for operations management?

represents who your company is and what it stands for

What is a brand?

science of crafting and sustaining a brand (defining, positioning, delivering)

What is brand management?

It creates customer commitment, differentiates products, helps increase sales and grow business

Why is building a brand important?

ongoing maintenance and control

What is the most important part of brand management?

1) identify opportunities to serve
2) examine size of market and unmet needs
3) determine best methods
4) investigate competition
5) clarify unique value
6) conclude if product is effective
7) conclude if advertising is effective

What are the uses of market research?

Employees, comment cards, competition, customers, documentation and records, focus groups, mail surveys

What are the basic methods to get information and feedback from customers?

Pinterest

What social media platform is best at sales generation?

Twitter

Which social media platform is essential for relationship building with influencers and communication with the customer base?

age demographics

What is the most important factor for Instagram marketers?

the job hunt; no

Where is LinkedIn most influential? Does the author consider LinkedIn as a revenue generating platform?

the systematic and comprehensive recording of financial transactions pertaining to a business; summarizing, analyzing, and reporting these transactions

What is accounting?

helping management make informed business decisions

How do reports produced by accountants help management?

preparation, review, and auditing of financial statements; tax work; consulting and advice involving accounting systems, mergers and acquisitions, and much more

What services are generally performed by public accountants?

in the accounting function of companies that produce goods and services other than accounting services

Where will a corporate accountant be employed?

breadth vs depth

What are the primary differences in the types of knowledge of a public accountant and a corporate accountant?

field concerned with summary, analysis, and reporting of financial transactions pertaining to a business

What is financial accounting?

the process of identifying, measuring, analyzing, interpreting and communicating information for the pursuit of an organization's goals

What is managerial accounting?

managerial is aimed at helping managers within the organization; financial accounting is aimed at providing info to parties outside the organization

What is the primary difference between financial accounting and managerial accounting?

the efficient and effective management of money so as to accomplish the goals of the organization

What is financial management?

area of finance dealing with the sources of funding and the capital structure of corporations

What is corporate finance?

maximize or increase shareholder value

What is the primary goal of corporate finance?

expedite the purchase and sales of bonds, stocks, and other investments and aid companies in making initial public offerings

What is an investment bank?

act as managers for deposit accounts for businesses and individuals

What is a commercial bank?

the process of budgeting, saving, investing, spending, or otherwise in overseeing the cash usage of an individual or group

What is money management?

investment management or portfolio management

What are other names for money management?

Otar or Lower Hill Cherokee Indians

What Indian tribe first occupied the lands in the vicinity of Clemson University?

Fort Hill Plantation

What was the first name associated with the land John C. Calhoun purchased that passed to Thomas Green Clemson that eventually became the university?

Vice President, Secretary of War, Secretary of State

John C. Calhoun served the nation in many capacities. In addition to being a US Senator, what three national positions did he hold?

Philadelphia

Where was Thomas Green Clemson born?

Belgium

Thomas Green Clemson served as an Ambassador from 1844 until 1853 to what country?

four

Thomas Green Clemson served as Ambassador for how many presidents?

Department of Agriculture

Thomas Green Clemson was the first Secretary of what government agency?

Maryland Agricultural college

What other university did Thomas Green Clemson play a part in founding?

Johnson's Island, Lake Erie

John Calhoun Clemson (Thomas Green Clemson's son) served in the Confederate Army and was a POW during the war. Where was he held prisoner?

supervised production of iron furnaces, mining, etc

How did TGC support the South's Civil War effort?

higher learning to provide practical education in agriculture and science

Thomas and Anna Maria Clemson's vision for SC was to establish what kind of institution?

Benjamin Ryan Tillman

After TGC's death, whose leadership led to the founding of Clemson University?

1889

What year was CU established?

July 6, 1893

What date did CU first open its doors for education?

Clemson Agricultural College

What was the school's name when it opened?

1896

In what year did Clemson play its first football game?

more than 6000; 373 died

How many Clemson students and alumni served in WWII? How many died?

1955

What year did Clemson become co-ed?

Margaret Marie Snider

What was the name of the first woman to earn a degree at Clemson?

1963

What year was Clemson integrated?

Harvey B. Gantt

What was the name of Clemson's first African-American student?

1964

What year did our school adopt the name Clemson University?

1970

When was the Tiger Paw adopted as Clemson's athletics symbol?

2014

What year was Clemson first named a Top 20 Public University?